SHANGHAI — China stocks edged down on Friday, dragged by property developers, as homebuyers’ threats to stop mortgage payments on unfinished apartments dented sentiment, despite Beijing’s assurance to ... ( read original story ...)
China growth at two-year low over Covid, property woes
BEIJING: China logged its slowest economic growth since the initial Covid-19 outbreak, official data showed Friday, expanding just 0.4% in the second quarter with lockdowns and property market ... ( read original story ...)
China banks, property stocks slump as homebuyers stop mortgage payments
Investors dumped China’s banking and real estate stocks today, fearing deepening trouble in the property sector would begin to hit the financial system as ... ( read original story ...)
China banks, property stocks slump as more homebuyers stop mortgage payments
Over the past weeks, a rising number of homebuyers have collectively threatened to halt mortgage payments to banks if developers do not resume construction of pre-sold homes, according to official ... ( read original story ...)
In Shanghai, a surge in cases raises fears of another lockdown.
Residents have been alarmed by mixed messages from officials, including advice that they stock up on food and medicine. ( read original story ...)
Shanghai’s old residential communities to be revamped by July-end
A shikumen, or stone-gate community, near Xintiandi in Shanghai's Huangpu District will be revamped soon after the relocation of residents. Shanghai will finish renovating all massive derelict ... ( read original story ...)
China´s real estate crisis worsens as a major Shanghai developer defaults
Another prominent Chinese developer has gone bankrupt, adding to the woes of the world's second-largest economy's real estate sector. Another prominent ... ( read original story ...)